Tanger Factory Outlet Centers, Inc. (SKT)
NYSE: SKT · IEX Real-Time Price · USD
26.09
-0.17 (-0.65%)
Jul 2, 2024, 4:00 PM EDT - Market closed
SKT Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for SKT stock have an average target of 27.89, with a low estimate of 20 and a high estimate of 33. The average target predicts an increase of 6.90% from the current stock price of 26.09.
Analyst Consensus: Buy
* Price targets were last updated on May 17, 2024.
Analyst Ratings
The average analyst rating for SKT stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 4 | 4 | 4 | 5 | 5 | 5 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 7 | 8 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Sell → Hold Upgrades $20 → $28 | Sell → Hold | Upgrades | $20 → $28 | +7.32% | May 17, 2024 |
| Compass Point | Compass Point | Hold → Strong Buy Upgrades $32 | Hold → Strong Buy | Upgrades | $32 | +22.65% | May 2, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $29 → $28 | Hold | Maintains | $29 → $28 | +7.32% | May 1, 2024 |
| B of A Securities | B of A Securities | Sell → Hold Upgrades $24 → $31 | Sell → Hold | Upgrades | $24 → $31 | +18.82% | Apr 5, 2024 |
| Citigroup | Citigroup | Hold → Strong Buy Upgrades $30 → $33 | Hold → Strong Buy | Upgrades | $30 → $33 | +26.49% | Mar 22, 2024 |
Financial Forecast
Revenue This Year
500.51M
from 464.41M
Increased by 7.77%
Revenue Next Year
518.50M
from 500.51M
Increased by 3.59%
EPS This Year
0.78
from 0.92
Decreased by -15.47%
EPS Next Year
0.87
from 0.78
Increased by 11.26%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 534.9M | 559.6M |
| Avg | 500.5M | 518.5M |
| Low | 468.4M | 484.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 15.2% | 11.8% |
| Avg | 7.8% | 3.6% |
| Low | 0.9% | -3.3% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.87 | 0.97 |
| Avg | 0.78 | 0.87 |
| Low | 0.65 | 0.74 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -5.3% | 24.2% |
| Avg | -15.5% | 11.3% |
| Low | -29.7% | -5.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.